Borrowing, the EMI calculator, and what else we do.
We can introduce you to lenders and help you put the application together — see home loans.
We are not a lender and we do not decide anything. The bank assesses you and the bank approves or declines. What we do is tell you what each lender will want, help you get the paperwork right, and save you repeating yourself to four banks.
We do not charge you for the introduction.
The EMI calculator takes the loan amount, the interest rate and the term, and shows the monthly instalment plus the total interest over the life of the loan.
It is an estimate for planning. Your actual EMI depends on the rate the bank actually offers you, processing fees, and whether the rate is fixed or floating. Move the term slider to see the thing most people underestimate: a longer loan has a comfortable EMI and costs far more in total.
A loan secured against property you already own, used for any purpose — a business, education, consolidating other borrowing.
Compared with a home loan: the interest rate is usually higher, the amount is a percentage of the property's value rather than its price, and the property is at risk if you cannot repay. That last point is the whole of it, and worth sitting with before you apply.
We can introduce you to lenders for this too; see home loans.
Nothing to you. We are not paid by you for an introduction.
To be straightforward about it: lenders may pay a referral fee. That is how the service is free, and you should know it rather than guess. It does not change what we tell you — if a lender is wrong for you, we say so.
The bank's own charges — processing fee, legal and valuation — are separate and are the bank's to quote.
Alongside the marketplace:
If you need something that is not on this list, ask. If we cannot do it we will say so rather than take the work.